110 S Grove St, East Orange City, NJ 07018
- $3,995,000
- List Price
- $3,995,000
- Price Change
- ▼ $804,000 1770680563
- MLS#
- 3983689
- Dom
- 165
- Year Built
- 1980
- Status
- ACTIVE
- County
- Essex
- City
- East Orange City
- Subdivision
- Medical/Professional Office
- Acres
- 0.67
Property Description
Prime medical investment or owner occupied opportunity with this professional building, Fully occupied with three long time anchor tenants spanning 24,000 square feet situated on .67 acre of land offered at $3,995,000 with 8% CAP RATE IN RETURN ON INVESTMENT. The property is equipped with two elevators, loading docks and a generator , ensuring excellent logistic functionality for its anchor long time tenants which comprises of FRESENIUS DIALYSIS CENTER, STATE OF NEW JERSEY AND CITY OF EAST ORANGE. The property includes 64 parking spaces potential for generating more income on a month-to-month basis offering immediate cash flow potential. Explore the potential for growth and success in this prime medical / commercial space Conveniently located near Major Highways, RWJ, Cooperman Barnabas Medical Center, Clara Maass Medical Center, Newark Beth Israel Medical Center, Overlook Medical Center and many more. Don't miss this chance to invest in a high-growth, sought-after area with the Possibility to build an apartment complex.
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Additional Information
- Taxes
- $143,223
- Cooling
- Central Air, Multi-Zone Cooling
- Exterior
- Brick/Block
- Garage Spaces
- 80
- Heating
- Forced Hot Air, Multi-Zone
- Roof
- Asphalt Shingle, Rubberized
- Sewer
- Public Sewer
- Water
- Public Water
- Basement
- Yes
- Lot Description
- Open Lot
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Listing Courtesy Of KELLER WILLIAMS REALTY, Contact: 908-220-3484
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